Here's why SMCI stock can surge by 20%

Super Micro Computer (NASDAQ: SMCI) stock delivered impressive price appreciation in the first half of 2024. However, an August 27 report from now-defunct short-selling activist group Hindenburg Research brought up allegations of widespread fraud and accounting malpractice.A day later, the semiconductor business announced that it would delay the filing of its annual report. By late September, a probe from the Department of Justice (DOJ) was underway — and in late October, the company’s auditor, Ernst & Youn ...